Treasury watchdog probes lack of tax plan analysis from Mnuchin

Treasury watchdog probes lack of tax plan analysis from Mnuchin
© Greg Nash

The Treasury Department's inspector general is investigating whether Treasury Secretary Steven MnuchinSteven Terner MnuchinDems plot next move in Trump tax-return battle On The Money: House Dem says marijuana banking bill will get vote in spring | Buttigieg joins striking Stop & Shop workers | US home construction slips in March | Uber gets B investment for self-driving cars Former Sears holding company sues ex-CEO, Mnuchin and others over 'asset stripping' MORE let politics affect his promised analysis of the GOP's plan to reform the tax code.

Bloomberg News reports that Inspector General Eric Thorson is looking into whether Mnuchin is refusing to release the Treasury Department's analysis of the tax plan that passed the Senate Budget Committee in a 12-11 vote on Wednesday because the agency's report contradicts claims made by both the secretary and Republicans in Congress.

“It’s a top priority,” Thorson's counsel, Rich Delmar, told Bloomberg.

ADVERTISEMENT

The move comes after Sen. Elizabeth WarrenElizabeth Ann WarrenJulián Castro: Trump should be impeached for trying to obstruct justice 'in very concrete ways' Poll: Biden tops Sanders nationally Pete Buttigieg: 'God doesn't have a political party' MORE (D-Mass.) accused Mnuchin in a letter to Thorson of using taxpayer funds to conduct an analysis that the government was now refusing to let see the light of day.

“Either the Treasury Department has used extensive taxpayer funds to conduct economic analyses that it refuses to release because those analyses would contradict the Treasury Secretary’s claims, or Secretary Mnuchin has grossly misled the public about the extent of the Treasury Department’s analysis,” Warren wrote in her letter.

Thursday night, Warren responded to the inspector general's investigation on Twitter, questioning whether Mnuchin "misled the public" about the GOP's tax plan.

"I’m glad @USTreasury's IG responded quickly to my request. Either Treasury used taxpayer funds to conduct analyses it won’t release because they contradict Mnuchin’s claims that this bill grows the economy, or Mnuchin misled the public about the analysis," the senator tweeted. "Either is a big problem."

The Senate is poised to vote on the GOP's tax proposal this week. Republicans are hoping to send a bill to President Trump's desk by the end of December, after the House passed a similar bill in a 227-205 vote earlier this month.